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Is the financial responsibility requirement met when an owner-operator (lessor) provides the motor carrier (lessee) a copy of the policy and Form MCS-90 where the carrier is named as an additional insured to the policy (Form MCS-90)?

Document
FMCSA-INS-387.7-Q004.docx (22.15 KB)

Section § 387.7: Financial responsibility required.

Guidance Q&A

Question 4: Is the financial responsibility requirement met when an owner-operator (lessor) provides the motor carrier (lessee) a copy of the policy and Form MCS-90 where the carrier is named as an additional insured to the policy (Form MCS-90)?

Guidance: No. The motor carrier has the responsibility to obtain the proper financial responsibility levels.

Regulatory Topic: Compliance with financial responsibility requirements where carrier leases vehicle from owner operator
Effective Date: Sunday, May 4, 1997
Issued Date: Friday, April 4, 1997